Shares of ResMed Inc. /zigman2/quotes/204675483/composite RMD +1.30% advanced 1.73% to $214.50 Tuesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index /zigman2/quotes/210599714/realtime SPX -0.16% rising 0.95% to 4,160.68 and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.23% rising 0.80% to 33,180.14. This was the stock's second consecutive day of gains. ResMed Inc. closed $86.84 below its 52-week high ($301.34), which the company reached on September 9th.
The stock outperformed some of its competitors Tuesday, as Thermo Fisher Scientific Inc. /zigman2/quotes/201150432/composite TMO +0.04% rose 1.41% to $560.66, Medtronic PLC /zigman2/quotes/206816578/composite MDT +0.08% rose 1.03% to $96.47, and Koninklijke Philips N.V. ADR /zigman2/quotes/200778575/composite PHG +0.93% rose 0.71% to $25.38. Trading volume (566,029) eclipsed its 50-day average volume of 547,619.